socially responsible fund

socially responsible fund definition - finance
A mutual fund that invests only in companies that meet pre-determined ethical or moral standards. For instance, a socially responsible fund may not invest in cigarette manufac-turers or companies that sell alcoholic beverages. Green funds may invest only in companies that are deemed to be environmentally friendly. Socially responsible funds have become popular during the last decade.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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